Canadian Solar Inc (CSIQ)
NASDAQ:CSIQ
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Earnings Data
Report Date
May 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.82Last Year’s EPS
-0.51Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced mix of positive strategic progress and material near-term challenges. Positively, Canadian Solar reported record U.S. deliveries, robust storage growth (+19% YoY, tripled over 3 years), a strong $3.6B storage backlog, tangible progress on U.S. domestic manufacturing (Mesquite and Jeffersonville HJT cell plans), and margin improvement of 160 basis points for the year. Offsetting these positives were significant near-term financial and operational headwinds: full-year and Q4 net losses, Q4 revenue and volume shortfalls, impairments and operating loss in Recurrent Energy, tariff/policy-driven shipment delays, FX and interest-cost pressures, elevated gross debt, and ongoing legal/IP risks. Management’s strategic pivot to higher-value U.S. markets, HJT cell ramp and storage focus is constructive for medium-term profitability, but the company faces meaningful short-term execution, cash-flow and regulatory risks.Company Guidance
Full-Year Shipments and Scale
Delivered 24.3 GW of solar modules in 2025 (4.3 GW in Q4) and a record 8.1 GW to the U.S.; ramped Mesquite, Texas module factory to >5 GW annual run-rate and plans to expand to 10 GW by end of 2026 (workforce to ~1,700).
Record Energy Storage Growth
Achieved a record 7.8 GWh of global energy storage shipments in 2025 (3.9 GWh to the U.S.), a year-over-year increase of 19%, and tripled storage sales over the past 3 years.
Strong Contracting Backlog and Market Position
Record contracting backlog of $3.6 billion (as of March 13, 2026), including long-term service agreements covering 29 GWh; market leader in contracted storage volume in Canada and growing presence in U.S., U.K., Australia and Latin America.
Progress on U.S. Domestic Cell Capacity (HJT)
Jeffersonville, Indiana HJT cell factory: Phase 1 nameplate 2.1 GWp (trial production next month) and planned Phase 2 adding 4.2 GW to total 6.3 GWp U.S. cell capacity — positioned as the only commercially operational HJT cell facility in the U.S. when ramped.
Financial Highlights: Revenue and Margin Improvement
Reported full-year 2025 revenue of $5.6 billion and improved gross margin by 160 basis points year-over-year; achieved operating income of $43 million for the full year.
Capital Markets and Funding
Completed a $230 million convertible bond issuance demonstrating investor demand; ended 2025 with $1.9 billion cash on hand and capital allocation focused on U.S. manufacturing and Southeast Asia storage capacity.
Cost Controls and Sequential Expense Reductions
Quarterly cost control: selling & distribution expenses decreased 20% sequentially and general & administrative expenses decreased 8% sequentially in Q4 as management curtailed volume-related costs.
2026 Near-Term Guidance
Q1 2026 guidance: module shipments 2.2–2.4 GW, storage 1.7–1.9 GWh, revenue $900M–$1.1B, gross margin 13%–15%. U.S. 2026 guidance: 6.5–7.0 GW modules and 4.5–5.5 GWh storage (U.S.-focused guidance).
CSIQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CSIQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $18.52 | $13.53 | -26.94% |
Nov 13, 2025 | $28.46 | $28.62 | +0.56% |
Aug 21, 2025 | $12.75 | $10.38 | -18.55% |
May 15, 2025 | $10.11 | $10.69 | +5.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Canadian Solar Inc (CSIQ) report earnings?
Canadian Solar Inc (CSIQ) is schdueled to report earning on May 14, 2026, Before Open (Confirmed).
What is Canadian Solar Inc (CSIQ) earnings time?
Canadian Solar Inc (CSIQ) earnings time is at May 14, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSIQ EPS forecast?
CSIQ EPS forecast for the fiscal quarter 2026 (Q1) is -0.82.
